What’s Propelling Iofina plc to Increase So Much?

November 23, 2016November 23, 2016Hazel Jackson

The stock of Iofina plc (LON:IOF) is a huge mover today! The stock decreased 5.23% or GBX 0.54 on November 23, hitting GBX 9.83. About 153,875 shares traded hands. Iofina plc (LON:IOF) has declined 41.96% since April 22, 2016 and is downtrending. It has underperformed by 47.29% the S&P500.
The move comes after 5 months positive chart setup for the GBX 12.46 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 10.22 PT which if reached, will make LON:IOF worth GBX 498,400 more.

More notable recent Iofina plc (LON:IOF) news were published by: Uk.Finance.Yahoo.com which released: “-LSE Ticker: 2QL5C7/ISIN: GB00B2QL5C79” on August 29, 2010, also Fool.Co.Uk with their article: “3 potential ten-baggers? Redt Energy plc, Iofina plc and Amur Minerals corporation” published on June 07, 2016, Fool.Co.Uk published: “Why Are Creston plc And Iofina plc Sinking Today?” on November 24, 2015. More interesting news about Iofina plc (LON:IOF) were released by: Fool.Co.Uk and their article: “Could It Be Time To Sell Iofina plc, Tungsten Corp PLC And RM2 International SA?” published on September 24, 2015 as well as Fool.Co.Uk‘s news article titled: “Should You Buy Vedanta Resources plc, Carr’s Group PLC & Iofina plc Today?” with publication date: April 11, 2016.

Iofina plc is a holding company. The Company is involved in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. The company has a market cap of 12.46 million GBP. The Company’s divisions are Iodine and Iodine Derivatives, and Montana. It currently has negative earnings. The activities of the Iodine and Iodine Derivatives segment include the production of raw iodine, and the production of iodine derivatives and other non-iodine based chemical derivatives.